K-Bro Linen (TSE:KBL) Hits New 1-Year High – Still a Buy?

K-Bro Linen Inc. (TSE:KBL)’s share price hit a new 52-week high on Friday . The company traded as high as C$43.14 and last traded at C$43.23, with a volume of 3290 shares. The stock had previously closed at C$43.05.

Analysts Set New Price Targets

KBL has been the subject of several recent research reports. TD increased their price target on K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday, May 7th. National Bank Financial set a C$51.00 price objective on K-Bro Linen and gave the stock an “outperform” rating in a research note on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, K-Bro Linen presently has an average rating of “Buy” and a consensus price target of C$51.00.

K-Bro Linen Price Performance

The company has a debt-to-equity ratio of 116.44, a current ratio of 1.87 and a quick ratio of 0.87. The company’s 50-day simple moving average is C$40.63 and its 200-day simple moving average is C$37.07. The company has a market cap of C$560.98 million, a price-to-earnings ratio of 27.01, a P/E/G ratio of 3.50 and a beta of 0.89.

K-Bro Linen (TSE:KBL) last posted its earnings results on Tuesday, May 5th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$139.11 million for the quarter. K-Bro Linen had a net margin of 3.51% and a return on equity of 7.12%. On average, equities research analysts anticipate that K-Bro Linen Inc. will post 2.3389262 EPS for the current year.

Insider Buying and Selling at K-Bro Linen

In other K-Bro Linen news, insider Jeffrey Ronald Gannon sold 1,225 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$42.00, for a total value of C$51,450.00. Following the transaction, the insider owned 15,407 shares in the company, valued at C$647,094. The trade was a 7.37% decrease in their position. Also, insider K-Bro Linen Inc. acquired 2,670 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of C$41.33 per share, with a total value of C$110,351.10. Following the completion of the transaction, the insider owned 343,321 shares in the company, valued at C$14,189,456.93. The trade was a 0.78% increase in their ownership of the stock. Insiders have purchased a total of 14,622 shares of company stock worth $605,901 in the last ninety days. 3.25% of the stock is currently owned by insiders.

K-Bro Linen Company Profile

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.